Toll Brothers, Inc. (NYSE:TOL) CFO Martin P. Connor Sells 11,140 Shares

Toll Brothers, Inc. (NYSE:TOL) CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $125.95 on Thursday. Toll Brothers, Inc. has a fifty-two week low of $95.46 and a fifty-two week high of $169.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. The firm has a market capitalization of $12.60 billion, a P/E ratio of 8.38, a P/E/G ratio of 1.00 and a beta of 1.69. The company’s 50 day moving average price is $146.57 and its two-hundred day moving average price is $140.04.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $4.11 earnings per share. On average, equities analysts forecast that Toll Brothers, Inc. will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.73%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently modified their holdings of the business. Larson Financial Group LLC lifted its holdings in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the period. First Trust Direct Indexing L.P. raised its stake in Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after buying an additional 72 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in Toll Brothers by 3.7% during the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after buying an additional 83 shares during the last quarter. Clifford Swan Investment Counsel LLC raised its stake in Toll Brothers by 5.1% during the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock worth $212,000 after buying an additional 89 shares during the last quarter. Finally, Ellis Investment Partners LLC raised its stake in Toll Brothers by 2.8% during the second quarter. Ellis Investment Partners LLC now owns 3,885 shares of the construction company’s stock worth $447,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Bank of America increased their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Evercore ISI increased their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada increased their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $152.53.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.